RBI's exclusion of gold loans originated by NBFCs from priority sector lending hurts gold loan companies, increasing their cost of funds. Shares of Muthoot Finance, Manappuram, IIFL Finance drop.
Newsable Asianet News on MSN6h
RBI says banks cannot impose excessive charges on loan amounts upto ₹50,000 under the priority sector lendingThe central bank stated that no loan-related and ad hoc service charges or inspection charges shall be levied on priority ...
RBI has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority ...
The central bank stated that no loan-related and ad hoc service charges or inspection charges shall be levied on priority ...
Mid-Day on MSN10h
RBI Limits excessive charges on loans up to Rs 50,000 under PSLRBI has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority ...
Bank of America holds substantial exposure to consumer & small business loans, with Warren Buffett selling shares in 2024.
The Reserve Bank of India has introduced new guidelines to prevent excessive charges on small loans under priority sector lending. These measures, effective in 2025, aim to protect small borrowers, ...
S&P Global Ratings stated that Bain Capitals strategic investment in Manappuram Finance Ltd will enhance its corporate ...
It’s admittedly hard to discern amid the cacophony of doom and gloom, but not everyone in business and finance has the downer ...
2hon MSN
Initially, Rotta was accused of hiding more than $20 million in assets in 24 secret accounts at five Swiss banks, including UBS and Credit Suisse, and failing to report substantial income from these ...
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